Instaforex Nigeria | The Key Prices For This Week!

Posted on Feb 08, 2021 at 07:24 AM
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The Key Prices For This Week!

Got plans to make money from either EUR/USD, GBP/USD, USD/CAD or EUR/JPY this week? Here is a short analysis that would help you make between $10 -$50!

EUR/USD: 1.2010/1.2020 is a key price level. A break below 1.2010 should provide sell opportunities & otherwise, we may see bullish moves from above 1.2020.

Eur-usd-feb-wk2

BIAS: CONSOLIDATION/Bullish.

GBP/USD: Still consolidating. We may see a pullback to 1.3700 before further Buying, else, 1.3680 could lead to a bearish breakout.

Gbp-USD-Feb-wk2

BIAS: CONSOLIDATION/Breakout.

USD/CAD: Still consolidating and likely heading down. 1.2770 is our new Resistance except a break happens above 1.2800 for fresh Buys.

usd-cad-Feb-wk2

BIAS: CONSOLIDATION/Bearish.

EUR/JPY: The sharp rise indicates Bullish power. Follow after a reversal to 126.70 for fresh Buys.

Eur-jpy-Feb-wk2

BIAS: Bullish Continuation/REVERSAL.

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